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Jan 16, 2013
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ceiling and lori about that pesky out of cotrol spending later to considering as many 19 different gun-control measures that he could in force as he gears up for his comprehensive plan tomorrow. our president seems to think of himself like a king and said that our elected officials. joining me now, former adviser to president george w. bush. senior fellow at the cato institute. i will start with you. here is the president back in 2006 on the idea of raising the debt limit. he said, the fact that we are here today to debate raising america's debt limit is a sign of our leaders failing in the u.s.overnment cannot pay its own bills and i intend to oppose the effort to increase the debt limit to and here he is begging for the debt limit to be raised now hat he is president. >> i think that he was right several years ago when he talked about the size of fiscal irresponsibility, but all of a sudden he seems to think it is just a wonderful, peachy keen idea. gerri: irresponsible thing to do . brad, to you. i am -- i went back and looked at the last time the government was not paying its bills. twenty
ceiling and lori about that pesky out of cotrol spending later to considering as many 19 different gun-control measures that he could in force as he gears up for his comprehensive plan tomorrow. our president seems to think of himself like a king and said that our elected officials. joining me now, former adviser to president george w. bush. senior fellow at the cato institute. i will start with you. here is the president back in 2006 on the idea of raising the debt limit. he said, the fact...
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Jan 16, 2013
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we don't need to raise the debt ceiling without cutting spending at the same time. that's what it's about. that's what we need to create a
we don't need to raise the debt ceiling without cutting spending at the same time. that's what it's about. that's what we need to create a
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Jan 15, 2013
01/13
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but don't you agree that if the president gets the debt ceiling raised with no commitment to spending cuts in the future, if he gets a ban of assault weapons, ammunition, more stringent background checks that this will divide the republican party. say they squeak it through in the house say boehner makes it happen. which i don't think he's going to by the way. then the republican party fractures it becomes weaker. the strategy the president is employing is i am not going to compromise on the debt ceiling. i don't know what he will do on gun control but don't compromise on the debt ceiling. do it by executive order and then say it is your fault. either way he gets the republicans. if they pass they get weakened if they oppose they demonize. >> it is a smart political strategy. >> it could be but it worked so far but not 100 percent. remember republicans got control of the house of representatives during his term after his first two years when he was very aggressive about his initiatives and they kind of stopped him in his tracks. he can't do very much over there. if you resist him i am
but don't you agree that if the president gets the debt ceiling raised with no commitment to spending cuts in the future, if he gets a ban of assault weapons, ammunition, more stringent background checks that this will divide the republican party. say they squeak it through in the house say boehner makes it happen. which i don't think he's going to by the way. then the republican party fractures it becomes weaker. the strategy the president is employing is i am not going to compromise on the...
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Jan 15, 2013
01/13
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this morning the president says he will negotiate on spending cuts but not on the debt ceiling. mark matthews is here now with more on what sat stake. >> republicans in the house say they won't raise the debt gmu and president agree to corresponding cuts. the president outlined the stake autos the president began by defining the issue. >> debt keeling is not a question of authorizing more spending. it allows the country to pay for spending that congress is committed to. >> he said americans understand the concept. >> you don't go out to dinner and... then, you know eat all you want. and then... leave without paying a check. >> if you do that, it's against the law, said the president. he added if congress fails to raise the debt ceiling american people will pay the price. >> social security checks and veteran benefits will be delayed. we might not be able to pay our troops or honor our contracts with small business owner autos again and again, the president repeated the fact raising the debt ceiling only allows for payment of bills that congress has already racked up. but when we
this morning the president says he will negotiate on spending cuts but not on the debt ceiling. mark matthews is here now with more on what sat stake. >> republicans in the house say they won't raise the debt gmu and president agree to corresponding cuts. the president outlined the stake autos the president began by defining the issue. >> debt keeling is not a question of authorizing more spending. it allows the country to pay for spending that congress is committed to. >> he...
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Jan 22, 2013
01/13
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cuts in exchange for raising thehe debt ceiling-- at least for now. it was partly a recognition that multiple showdowns over the debtcb and spending have hurt the g.o.p.'s standing with voters. a cbs news poll released lastal week found americans trust the president over congressional econ republicans to handle thea republic economy by 15 points.r john thune is a republican senator from south dakota. was this what the republicanrepublican party saying we're going too operate a little differently in a second president obama term?ell, i thi >> well, i think -- i do believe it's a recognition of politicalde reality. the pre we realize the president won the election and i -- so i think to some degree it was a recognition that for us to have a debateav about spending and debt we'vewe got to have the focus be on a and wha budget and what we're going to achieve a balanced budget over time. >> pelley: and that's why thee republicans have attached a caveat to their debt ceiling bill. they want senate democrats to do something they haven't done since 2009: pass
cuts in exchange for raising thehe debt ceiling-- at least for now. it was partly a recognition that multiple showdowns over the debtcb and spending have hurt the g.o.p.'s standing with voters. a cbs news poll released lastal week found americans trust the president over congressional econ republicans to handle thea republic economy by 15 points.r john thune is a republican senator from south dakota. was this what the republicanrepublican party saying we're going too operate a little...
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Jan 16, 2013
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ceiling to a deal on spending cuts. >> in the end, it's a threat they can't sustain. no one is going to default. no one is going to allow united states to not pay its bills. no one is going to accept the economic costs. it rallies the entire business community to the president's side. i don't think we should pick fights where we're in a position that we can't, in fact, in the end enforce our will. because we have no evidence of president obama's going to compromise. i think the president is deliberately seeking confrontation. he's going out of his way to bully the house republicans. >> and allen simpson, the co-founder of the campaign to fix the debt, also warning against bargaining over the debt ceiling. >> do you believe the gop should be using the debt ceiling as a leverage point to get the president to agree to the cuts? >> i think that would be a grave mistake. i don't think that would solve anything. i know they're going to try it. how far we'll go, i have no idea. if you're a real conservative, really honest conservative without hypocrisy, you want to pay your
ceiling to a deal on spending cuts. >> in the end, it's a threat they can't sustain. no one is going to default. no one is going to allow united states to not pay its bills. no one is going to accept the economic costs. it rallies the entire business community to the president's side. i don't think we should pick fights where we're in a position that we can't, in fact, in the end enforce our will. because we have no evidence of president obama's going to compromise. i think the president...
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Jan 16, 2013
01/13
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most americans think the debt ceiling is congress giving itself permission to spend more money. when they understand it is about do we default on our bills they say what? you're not going to pay your bills? that's what the debt ceiling is about. one of the things i advocated was the restoration of the gephardt rule that said when congress voted for a budget, let's say it voted for the iraq war that cost a trillion dollars, then at the moment that they voted for that program the debt ceiling would be adjusted up or down to reflect the budget they just voted for. that's what most americans would do. so this debt ceiling is all about hypocrisy. it is all about pretending that we have an option about paying our bills. by the way, a lot of the bills we have to pay are things i was adamantly opposed to. i didn't want to go to war in iraq. i didn't want to have nation building in afghanistan. i thought the bush tax cuts were ill-advised but i'm a member of congress. america committed itself to those and i've got to stand by paying the obligations that have been incurred. >> john: congr
most americans think the debt ceiling is congress giving itself permission to spend more money. when they understand it is about do we default on our bills they say what? you're not going to pay your bills? that's what the debt ceiling is about. one of the things i advocated was the restoration of the gephardt rule that said when congress voted for a budget, let's say it voted for the iraq war that cost a trillion dollars, then at the moment that they voted for that program the debt ceiling...
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Jan 19, 2013
01/13
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should they use the debt ceiling? >> ultimately, short. two tools that are very real and very powerful coming up. obama has tried to demonize the debt ceiling. okay. set it back with a condition. okay democrats in the senate. you have not passed a budget in three years. the reason why the democrats have controlf the senate is that harry reid has said democratic senators in the witness protection pogram with ever -- whenever budget issues come up. twenty democrats are up for election in 2014. half of them should not be coming back of the continue to vote with obama on tax and spend crazy debt policies which is what they have been doing. i think it is very important for the american people to see what the senate has not done and to force them to act but that. gerri: you sure can't act -- argue with that. the senate has not passed a budget and 161 days. let me get a comment. it wouldstop pay to members of congress if they don't do some of these things, if they don't get a budget resolution. you in favor of that? >> i think it's a good idea fo
should they use the debt ceiling? >> ultimately, short. two tools that are very real and very powerful coming up. obama has tried to demonize the debt ceiling. okay. set it back with a condition. okay democrats in the senate. you have not passed a budget in three years. the reason why the democrats have controlf the senate is that harry reid has said democratic senators in the witness protection pogram with ever -- whenever budget issues come up. twenty democrats are up for election in...
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Jan 15, 2013
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remember, raising the debt ceiling isn't additional spending but allows the government to pay the bills it's already racked up on money it's already spent. today, fitch ratings which sets credit ratings for countries around the world warned the u.s. could lose the aaa rating, the highest there is, if there's not a quote median-term deficit reduction plan put in place. what will it take to get a deal? we start with dan gross. his latest piece is titled "obama brinksmanship puts gop in tough spot on debt ceiling." so dan, you write that while you fall off a cliff, you only bump your head in to a ceiling but economically the ceiling has the capacity to deliver far more damage. you are talking like my friend steve kornacki here. what is failing to raise the debt ceiling? why is that going to be catastrophic? >> well, you know, first of all the stock and bond markets will really go haywire in a way they didn't when we were about to go over the fiscal cliff because government bonds are held by everybody. chinese central bank, japanese central bank, every single bank financial institution out
remember, raising the debt ceiling isn't additional spending but allows the government to pay the bills it's already racked up on money it's already spent. today, fitch ratings which sets credit ratings for countries around the world warned the u.s. could lose the aaa rating, the highest there is, if there's not a quote median-term deficit reduction plan put in place. what will it take to get a deal? we start with dan gross. his latest piece is titled "obama brinksmanship puts gop in tough...
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Jan 23, 2013
01/13
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we can raise the debt ceiling only if we cut government spending as well. where were they during those years? those very difficult years. i have compiled a voting records on the debt increases that president bush requested and i hope i can insert that into the record. >> without objection. >> many members of this committee routinely voted to raise the debt ceiling even though the money for the tax cuts and the wars were put on an emergency basis for the purpose of hiding the cost. i'm pleased that we're coming around to a more reasonable position today. i hope that we're going find a common path forward on many of these issues. mr. johnson, you state in your testimony that low level employment affects the debt. once the economy recovers fully it will take some of the pressure off of these disus cushions. acknowledging we have long-term challenges we have to address. i've been making this point in my caucus, not to overreact. if we can find the common path forward we find that you can have a conversation that would be worthwhile past the talking points. now
we can raise the debt ceiling only if we cut government spending as well. where were they during those years? those very difficult years. i have compiled a voting records on the debt increases that president bush requested and i hope i can insert that into the record. >> without objection. >> many members of this committee routinely voted to raise the debt ceiling even though the money for the tax cuts and the wars were put on an emergency basis for the purpose of hiding the cost....
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Jan 18, 2013
01/13
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pass the debt ceiling and talk about spending cuts if that's what you want to talk about. >> i want to read what "the washington post" conservative columnist had to say about the republican strategy. here's what he said. he wrote, obama's post-election arrogance and intransigence can put you in a fighting mood. i sympathize. this is what he's telling the republicans but i'm tending toward the realist view. don't force the issue when you don't have the power s. that what we're seeing with the debt kreeling in they don't have the power and maybe taking this advice from the conservative columnist? >> it's rare i agree with charles krauthammer but don't fight battles you can't win and don't go to the brink to be perceived as pulling back and therefore losing. this is not a fight they can win. it's certainly one they can lose and i think, though, just doing this three months, we are not done with this. if you're a crisis junkie, we are in the position of not only did the fiscal cliff not end this, we'll talk about this, and talking about it and talking about it and whether there's a coheren
pass the debt ceiling and talk about spending cuts if that's what you want to talk about. >> i want to read what "the washington post" conservative columnist had to say about the republican strategy. here's what he said. he wrote, obama's post-election arrogance and intransigence can put you in a fighting mood. i sympathize. this is what he's telling the republicans but i'm tending toward the realist view. don't force the issue when you don't have the power s. that what we're...
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Jan 15, 2013
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rich: republicans trying to figure out their opening position on the debt ceiling. democrats and the white house have already come out with theirs. president obama saying that he is not negotiating it. he says he is willing to talk about deficit reduction, perhaps modest reduction to healthcare spending. as long as it comes with curbing loopholes and tax reductions for wealthier individuals. congress should just do it. back to you. connell: let's bring in dylan glenn. former advisor to george w bush. rich said that republicans have reasons for not having this meeting today. the president is standing back and think i am not negotiating on this and the republicans are all over the map. >> i do not think that this is a big deal. i do not see that as a big issue. what is coming out of this weekend retreat is far more important. connell: i would like to be a fly on the wall for that. >> also what is important is to remember how we got here. he has run trillion dollar deficits for the past four years of his administration. you have to pass a budget in the united states se
rich: republicans trying to figure out their opening position on the debt ceiling. democrats and the white house have already come out with theirs. president obama saying that he is not negotiating it. he says he is willing to talk about deficit reduction, perhaps modest reduction to healthcare spending. as long as it comes with curbing loopholes and tax reductions for wealthier individuals. congress should just do it. back to you. connell: let's bring in dylan glenn. former advisor to george w...
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Jan 15, 2013
01/13
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throughout the press conference, obama blasted republicans, who want to tie the debt ceiling to cutting spending and obama says blow up the economy and risk the full faith and credit of the united states and to do so is irresponsible, the consequences of not paying our bill would be disastrous. the charges went on and on and on and made it sound like only an anarchist would oppose raising the debt ceiling. listen to this: . >> what i will not do is to have that negotiation with a gun at the head of the american people, the threat that unless we get our way, unless you gut medicare or medicaid or otherwise slash things that the american people don't believe should be slashed, that we're going to threaten to wreck the entire economy. look, i don't think anybody would consider my position unreasonable here. democrats don't like voting for the debt ceiling when the republican's president, but you never saw the situation in which democrats suggested somehow that we would go ahead and default if we didn't get 100% of our way, that's just not how it's supposed to work. >> sean: hearing that i
throughout the press conference, obama blasted republicans, who want to tie the debt ceiling to cutting spending and obama says blow up the economy and risk the full faith and credit of the united states and to do so is irresponsible, the consequences of not paying our bill would be disastrous. the charges went on and on and on and made it sound like only an anarchist would oppose raising the debt ceiling. listen to this: . >> what i will not do is to have that negotiation with a gun at...
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Jan 20, 2013
01/13
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majority of you scene percent favor raising the debt ceiling but the increase must be tied to major spending cuts. only 23 percent think it should be raised with no strings attached. that is what the republicans are considering. stay withs numbers just a moment now. we want to show you president obama will begin the second term with much less support than he had four years ago. the president's approval rating is 47 percent . 47 percent disapproving. compared to this time four years ago when his approval rating was 65 percent and only 16 percent disapproved. president obama kicking off three days of celebrating by encouraging people to volunteer. he himself put in work at washington elementary school as part of the national day of service. molly? >> harris we can talk about what the president said in the national day of service. it was a chance for people to look out for each other and work hard on behalf of each other. he said this to the happens of volunteers in the elementary school working to give it a make over. >> as i look around the room, i see friends from all over the country people
majority of you scene percent favor raising the debt ceiling but the increase must be tied to major spending cuts. only 23 percent think it should be raised with no strings attached. that is what the republicans are considering. stay withs numbers just a moment now. we want to show you president obama will begin the second term with much less support than he had four years ago. the president's approval rating is 47 percent . 47 percent disapproving. compared to this time four years ago when his...
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Jan 21, 2013
01/13
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i hope they delay the debt ceiling for three months and address spending in the house. that is what they will have to win. >>neil: they addressed that and they said earlier the move to delay the debt ceiling for another few months to me it seems like kicking the can down the road. i guess they think that maybe in that time they will get their act together but i am not so sure. >> i am not either, i am worried about the house of representatives. it is supposed to be the loyal opposition, and they supposed to compromise and work with the budget and work with the senate and make things happen but i worry very much if they retreat too far and collapse and cave. that would be a very major mistake to the united states. >>neil: quickly, art, did ronald reagan like the parades if maybe the second was indoors, everything was indoors that year, maybe the parade. but did he like the parades? that is something that comes with being a newly inaugurated president, did he enjoy it? >> he didn't enjoy the second. in 1985, it was the coldest year ever in history and it was amazing. no o
i hope they delay the debt ceiling for three months and address spending in the house. that is what they will have to win. >>neil: they addressed that and they said earlier the move to delay the debt ceiling for another few months to me it seems like kicking the can down the road. i guess they think that maybe in that time they will get their act together but i am not so sure. >> i am not either, i am worried about the house of representatives. it is supposed to be the loyal...
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ceiling debate out of control military spending remains untouched that and more big picture of politics panel and each year students at our public schools are forced to take standardized tests for a growing number of school districts and teachers are questioning the value of these tests are standardized tests accurate measures of a student's intelligence or just a giant least of time and resources. you need to know the vets america has a deal for you forget about to get a good job or having a career or something that's long term like maybe a manufacturing job or a job with a pension or good health care plan for never going to college or trade school because a wal-mart has got a deal for you you can work at wal-mart or even if you did all your shopping at wal-mart your paycheck still won't cover your cost of living so you'll qualify for medicaid and food stamps and stuff like that they say they're going to hire one hundred thousand vets over the next year is now wonderful the five years of sam walton's wal-mart fortune have more wealth than the bottom forty three percent of all americans
ceiling debate out of control military spending remains untouched that and more big picture of politics panel and each year students at our public schools are forced to take standardized tests for a growing number of school districts and teachers are questioning the value of these tests are standardized tests accurate measures of a student's intelligence or just a giant least of time and resources. you need to know the vets america has a deal for you forget about to get a good job or having a...
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they could default on the debt, unless the debt ceiling is raised. republicans want the president to cut spending before they i gree on a deal. but the president at no time seem eager for compromise. listen. >> we have to stop lurking from crisis to crisis to crisis. when there is a clear pass that requires discipline, responsibility and compromise. >> dana: yet, he showed little willingness to do so. >> i'm willing to compromise and find common ground over how to reduce the deficit, america cannot afford another debate with this congress about whether or not they should pay the bills they have racked up. what i will not do is to have that negotiation with gun at the head of the people. >> dana: interesting choice of words to describe that. eric, you talked about not wanting the country to lurch from crisis to crisis. most americans would agree and want washington to fix fundamental problems. why do we have to have the debate every three months? >> eric: sure. start with the debt ceiling and how it came about. prior to world war i, everybody was paid
they could default on the debt, unless the debt ceiling is raised. republicans want the president to cut spending before they i gree on a deal. but the president at no time seem eager for compromise. listen. >> we have to stop lurking from crisis to crisis to crisis. when there is a clear pass that requires discipline, responsibility and compromise. >> dana: yet, he showed little willingness to do so. >> i'm willing to compromise and find common ground over how to reduce the...
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barack obama scolding republicans for linking p spending cuts to raising debt ceiling himself voted against raising the debt ceiling. here is what the anointed one said in 2006, said leadership means the buck stops here, washington is shifting burden of bad choices today onto the backs of our children and our grandchildren. er america has a debt, and a failure of leadership. americans deserve better, i, therefore, intend to oppose the efforts to increase american's debt limit so he is doing what he said shouldn't be done. but in doing so is demonstrating his morale superiority. the second thing we saw today is on full display he said republicans were sus spishus about social security and government support for the elderly and spending money on medical research, then, about programs aimed at making sure kids in poverty are getting enough to eat. now this, snot only deeply dishonest it's a gross distorgs. a lecture coming from a man responsible for a massive increase in poverty during his presidency. a third thing we saw is how deeply misunderstood his facts are. saying his plan would claim $
barack obama scolding republicans for linking p spending cuts to raising debt ceiling himself voted against raising the debt ceiling. here is what the anointed one said in 2006, said leadership means the buck stops here, washington is shifting burden of bad choices today onto the backs of our children and our grandchildren. er america has a debt, and a failure of leadership. americans deserve better, i, therefore, intend to oppose the efforts to increase american's debt limit so he is doing...
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Jan 19, 2013
01/13
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not many people understand what the debt ceiling is about. raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating, shane, i know how we can improve our credit rating. we will pay your credit card bills. that is not the best way to improve your credit rating. all of these issues are important, but it is very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> and number of people have expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was when you raised that term initially? >> as i said, the fisc
not many people understand what the debt ceiling is about. raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating, shane, i know how we can improve our credit rating. we will pay your credit card bills. that is not the best way to improve your credit rating....
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Jan 15, 2013
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what he said over and over again was that spending has nothing to do with raising the debt ceiling. that was a direct shot at republicans who have said that if they want to negotiate deep significance spending cuts to federal spending with the president in exchange for granting him the authority to borrow more money, he is trying to separate those two issues. >> now, when will all of this come to a head? >> some time in the february or march timeframe. the treasury department has just sent a letter out saying that the extraordinary measures that they are currently using in order to make sure that the country can pay its bills, send out benefit checks and things like that, will expire sometime in february or march. will we are dealing with here is according to the administration, technically we should have passed the debt ceiling at the beginning of the year, but through accounting tricks and playing with numbers and what have you we were able to extend that by which we can continue to do things according to business as usual, and the treasury is saying that at least definitely by ma
what he said over and over again was that spending has nothing to do with raising the debt ceiling. that was a direct shot at republicans who have said that if they want to negotiate deep significance spending cuts to federal spending with the president in exchange for granting him the authority to borrow more money, he is trying to separate those two issues. >> now, when will all of this come to a head? >> some time in the february or march timeframe. the treasury department has...
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Jan 22, 2013
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members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised, a move the president has demanded. >> it's believe it's a recognition of political reality. we realize the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> senate democrats view a vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity for us, because in our budget that we will pass, we will have tax reform which many of my republicans like but it will include revenue. >> the increase will likely happen tomorrow. >>> one other provision of the debt limit vote is either chamber of congress fails to pass it, the members will not get paid till they either pas
members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised, a move the president has demanded. >> it's believe it's a recognition of political reality. we realize the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a...
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so we'll see. >> so ana, do you think that the debt ceiling will set the tone between the president and congress? >> no. i think we're going to get a short reprieve. i think we're talking about, you know, what the republicans were talking about, i was actually at the gop retreat that maria just referenced and it's a possible three-month extension. but at some point, the problem, the whole problem, has got to be dealt with in a holistic way. the deficit has got to be dealt with. debt has got to be dealt with. spending has got to be dealt with. we can't just continue raising the debt limit without there being a balancing of the budget, like we would all have to balance our budgets at home. and i think republicans are looking at what the plan is long-term. but it was a very good retreat for republicans. i saw a lot of unity that i didn't expect after all the drama we've seen. >> what drama?! come on. listen, we also want to talk about immigration. the president has certainly spent a lot of time talking about immigration and the dream act. i want you to listen to what he has said. >> so the
so we'll see. >> so ana, do you think that the debt ceiling will set the tone between the president and congress? >> no. i think we're going to get a short reprieve. i think we're talking about, you know, what the republicans were talking about, i was actually at the gop retreat that maria just referenced and it's a possible three-month extension. but at some point, the problem, the whole problem, has got to be dealt with in a holistic way. the deficit has got to be dealt with. debt...
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Jan 20, 2013
01/13
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. >> the debt ceiling debate continues. >> are not aead beat nation. >> we all know the issue here is spending. >> what are the risks of huge defense cuts? >> operations, maintenance, and trading will be gutted. we will ground the aircraft retuturn chips to court, and sharply curtail training across the force. >> a bill before the wyoming state legislature would make a federal legend a person trying to enforce a ban on farm guilty of a funny. there are similar measures under considation in nnessee and tetexas. the governor in mississippi wants to make it illegegal in the state to enforce any new federal n laws. how many tis have we had this debate? ththis time after the murders of the children in newtown, conn. the president tells us is different. signed 23 executive orders aimed at reducing gun violence and has urged congress to reinstate a ban on so-called assault weapons, limit the size of the magazines, and mandate criminal background checks for all and sales. he is also o asking americans to put heat on members of congress to get there. >> ask for a member of congress if they sup
. >> the debt ceiling debate continues. >> are not aead beat nation. >> we all know the issue here is spending. >> what are the risks of huge defense cuts? >> operations, maintenance, and trading will be gutted. we will ground the aircraft retuturn chips to court, and sharply curtail training across the force. >> a bill before the wyoming state legislature would make a federal legend a person trying to enforce a ban on farm guilty of a funny. there are...
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Jan 15, 2013
01/13
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CSPAN
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the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. it went part of the way, as you mentioned. but it leaves a number of issues still on the table and traditional negotiations are looming. would you characterize that as an additional cliff that is facing us? or do you think it
the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in...
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Jan 18, 2013
01/13
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MSNBCW
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out of the president as part of the debt ceiling deal. and by the way, the president's intransigence on this, this idea that he won't negotiate, republicans are looking at this and saying, well, we actually did get a fair amount of spending cuts the last time we fought on the debt ceiling in the budget control act of last year. the president said that this deal now would have to include an extension of the debt ceiling that they just got to avoid the fiscal cliff. well, he ultimately folded on that. so as a tactical matter, even in their minority position, they can look at this and see, well, there is some gain to be gotten here if we keep pushing on this. i think the flip side of this is also a big challenge for the president. if he really wants to unshackle the economy, if he wants to get more robust economic growth, does he not want to be more proactive about dealing with some of these entitlements, with dealing with the budget picture, even where he has real problems with his supposed, you know, partners in this to republicans? does h
out of the president as part of the debt ceiling deal. and by the way, the president's intransigence on this, this idea that he won't negotiate, republicans are looking at this and saying, well, we actually did get a fair amount of spending cuts the last time we fought on the debt ceiling in the budget control act of last year. the president said that this deal now would have to include an extension of the debt ceiling that they just got to avoid the fiscal cliff. well, he ultimately folded on...
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Jan 19, 2013
01/13
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KQED
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to use this dead ceiling fight wlosht we're going to pay our bills as a way to have spending cuts. the republican house are backing away from that saying, fine, we're going to extend this debt ceiling. we're going to pass something for a short period of time but in the interim we better get sot cuts. >> you're talking about what the house republicans put out today. isn't -- i hate to use the term -- kicking the can down the road. isn't this just taking us back to where we were before, delaying the inevitable? >> yes, but it's not just about the debt ceiling. this is one of the reasons the inauguration comes at such a dreary times. we just had this boring fight. >> i thought it was exciting . >> that's not exciting lemplet -- that's not exciting. >> he clearly has a different idea of exciting. >> there was a fight about the sequester and the regular roll budget. the debt ceiling is one where real ugly consequences were likely to happen. an they were likely to get blamed. they want to move that to the last of fights. . it's still going to be the same fight over how do you distribute
to use this dead ceiling fight wlosht we're going to pay our bills as a way to have spending cuts. the republican house are backing away from that saying, fine, we're going to extend this debt ceiling. we're going to pass something for a short period of time but in the interim we better get sot cuts. >> you're talking about what the house republicans put out today. isn't -- i hate to use the term -- kicking the can down the road. isn't this just taking us back to where we were before,...
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Jan 22, 2013
01/13
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CSPAN
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not the least of which being be expiring debt ceiling and spending issues. he did not talk about that. he did not reach out, and they were disappointed in that yesterday. both sides feel the other is not doing enough to reach out. host: on twitter -- guest: it is interesting, because when the election ended, the speaker offered what he considered an olive branch on the negotiations in saying they would put some tax revenue on the table. it cannot go their way. they were backing down. at this point the speaker needs to be careful about his own leadership, but you will see last compromise on his part because the conference of republicans are expecting him to stand up more to the president on issues important to that. they will not go for a tax increase. they will aim for spending cuts that they felt they did not get in the summer. in that sense, we are calling to see the two sides butting heads more in the coming weeks. guest: probably most striking change in tone between the address that president obama delivered esther date and the one he delivered four year
not the least of which being be expiring debt ceiling and spending issues. he did not talk about that. he did not reach out, and they were disappointed in that yesterday. both sides feel the other is not doing enough to reach out. host: on twitter -- guest: it is interesting, because when the election ended, the speaker offered what he considered an olive branch on the negotiations in saying they would put some tax revenue on the table. it cannot go their way. they were backing down. at this...
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Jan 23, 2013
01/13
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CNNW
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they're stepping away from the idea that raising the debt ceiling must be accompanied by spending cuts. they're decoupling that which is what the white house and democrats argue what should be done. people on the house side says this forces the hand of the senate. each side is trying to spin this as a victory. certainly the thinking is that at least one of the things that the president said he wanted to do, which is set aside the rest of these fiscal debates and break them apart in the idea of raising the debt ceiling. depends who you ask, martin. >> after the debt ceiling, dairy ask what's sneks is there another potential crisis waiting in the wings? >> reporter: it seems like there's always a crisis. >> it does. >> reporter: we still have the sequester, the fiscal cliff from the beginning of the year. all that did was kick the can down the road. we're talking about 8% to 10% in cuts. that's something they also have to deal with. also the budget resolution. that expires in the end of march. one more thing to deal with in the midst of all of this. more excitement on the way, martin. >>
they're stepping away from the idea that raising the debt ceiling must be accompanied by spending cuts. they're decoupling that which is what the white house and democrats argue what should be done. people on the house side says this forces the hand of the senate. each side is trying to spin this as a victory. certainly the thinking is that at least one of the things that the president said he wanted to do, which is set aside the rest of these fiscal debates and break them apart in the idea of...
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Jan 15, 2013
01/13
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KPIX
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ceiling without reducing government spending at the same time. so do you disagree with speaker boehner? >> i think that if you get involved in a fight over the debt ceiling, and talking about defaulting which is what the consequences if the president's truly stubborn the congress is truly stubborn you get a default. at that point the pressure in the congress becomes a dead loser. all these different groups come together and say you have to pass this. i don't think we should pick fights where we are in a position where we can't, in fact in the end force our will. we have no evidence that barack obama will compromise. nothing he's done in the last couple months would imply that he's going to compromise. >> therefore do you agree that the president is right no in the negotiating? >> no, i think the president's wrong but it's a fact. i think this president is deliberately seeking confrontation, i think he's going out of his way to bully the house republicans and i think the house republicans ought to pick the continuing resolution and the sequester,
ceiling without reducing government spending at the same time. so do you disagree with speaker boehner? >> i think that if you get involved in a fight over the debt ceiling, and talking about defaulting which is what the consequences if the president's truly stubborn the congress is truly stubborn you get a default. at that point the pressure in the congress becomes a dead loser. all these different groups come together and say you have to pass this. i don't think we should pick fights...
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Jan 15, 2013
01/13
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so not raising the debt ceiling is sort of like a family trying to improve its credit rating saying, i know how we can save money, we won't pay our credit card bills. not the most effect of way to improve your credit rating. >> ben bernanke says the u.s. economy appears to be willing to raise the debt ceiling. it's downplaying fierce that this could lead to higher inflation. >>. >> what do you think? >> well, i think, you know, what we've seen in the beginning of the year, like the solution of the fiscal cliff for the fist time in the more global renegotiation, what bernanke know and the government is they don't want the economy to be in another recession. probably it's going to be a slow process, but the final aim is there and everybody knows where we need to go. >> all right. let's remind you what's on today's show. we take a look out at the auto show. 5:30 eastern. spain is set to tap the bond market today. it's going to tell 12 and 18-month t bills. analysis is due in about 30 minutes' time. >>> and we'll head out to new york for discussions about dell going private. we'll have t
so not raising the debt ceiling is sort of like a family trying to improve its credit rating saying, i know how we can save money, we won't pay our credit card bills. not the most effect of way to improve your credit rating. >> ben bernanke says the u.s. economy appears to be willing to raise the debt ceiling. it's downplaying fierce that this could lead to higher inflation. >>. >> what do you think? >> well, i think, you know, what we've seen in the beginning of the...
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Jan 15, 2013
01/13
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CURRENT
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. >> obama: raising the debt ceiling does not authorize us to spending more all it does is say america will pay its bills and we are not a dead beat nation. >> stephanie: there you go. [♪ "world news tonight" theme ♪] >> stephanie: this story just for you. ryan gosling says his texts are like pets. i'm talking about your muscles. he said after a while they are just there but you still have to feed them and take care of them. >> stephanie: jim, this is for you, actress milley cyrus says her latest girl crush is katy perry. she previously admitted she has a crush on kristin stewart. >> who would have a crush on kristin stewart? she always looks like she is sucking on a lemon. >> because she's malnourished i think -- >> and she is just deeply unpleasant. >> stephanie: how do you know? you don't know her? >> i have seen interviews with her. >> stephanie: oh, all right. >> katy perry on the other hand -- >> she looks like a blast. >> stephanie: yeah. miss iowa -- >> bless her heart. >> stephanie: she responded to a question about marijuana legalization by saying drugs should only be use
. >> obama: raising the debt ceiling does not authorize us to spending more all it does is say america will pay its bills and we are not a dead beat nation. >> stephanie: there you go. [♪ "world news tonight" theme ♪] >> stephanie: this story just for you. ryan gosling says his texts are like pets. i'm talking about your muscles. he said after a while they are just there but you still have to feed them and take care of them. >> stephanie: jim, this is for...
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Jan 15, 2013
01/13
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we'll get his take on whether the debt ceiling should be used to force spending cuts from the government. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. >>> welcome back. this is the chart of the day. if this is going to continue right here and close, this is going to be the first time that apple closes below $500 since february of last year. so for this year apple is the worst performing stock on the nasdaq 100 and the second worst on the s&p 500, bill. >> our herb greenbe
we'll get his take on whether the debt ceiling should be used to force spending cuts from the government. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living...
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Jan 16, 2013
01/13
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FOXNEWSW
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ceiling done with some, you know, meaningful cuts in spending, the president says, you know, i'm not even going to bother. i want to alienate the republicans so that people will be angry with them. am i wrong? he has been doing that since elections day, i wrote a column ever since september pointing out entire strategy for the fiscal cliff was to split the republicans. it had nothing to do his offers had nothing to do with solving the fiscal issue or solving the debt. he showed nothing to solve the debt since he was elected in 2008. he appoints a commission two years later and ignored it he has never talked about any structure turley cuts in entitle wants. he has no interest in that. he wants the entitlement state. if you want a european style entitlement state you need european style taxation. that's all he is interested in. but his strategy with fiscal cliff as is his strategy wonderful the debt ceiling is to split fracture and therefore neuter republicans in the house because that is all that stands between him and total dominance of washington in his second term. he wants a retur
ceiling done with some, you know, meaningful cuts in spending, the president says, you know, i'm not even going to bother. i want to alienate the republicans so that people will be angry with them. am i wrong? he has been doing that since elections day, i wrote a column ever since september pointing out entire strategy for the fiscal cliff was to split the republicans. it had nothing to do his offers had nothing to do with solving the fiscal issue or solving the debt. he showed nothing to solve...
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Jan 21, 2013
01/13
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FOXNEWS
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will allow the debt ceiling to be hiked and try to attach some spending cuts or at least say we need to be engaged in negotiations for further increase in debt hike. i think that was a recession for republicans in reality they were losing this argue uchlt. it reengineers to the point that 60 percent of americans think you have to have spending cuts right now. >> you listen to the president's senior advisor today he was talking again about a balanced approach saying whatever deal on the debt ceiling has to have tax loopholes closed. speaker boehner brought the 800 billion in loop whole closures in the beginning of the fiscal cliff negotiation that should be a part of this deal. despite the fact that the president wanted rate increase on the fiscal deal and that's all they want. >> you can see the democrats and white house believe they have the argument in their back pocket. they offered once they can call on it again if they are going to concede on any spending cuts. none have been discussed at least in the short term are going to solve the problem. the only way you solve the problem
will allow the debt ceiling to be hiked and try to attach some spending cuts or at least say we need to be engaged in negotiations for further increase in debt hike. i think that was a recession for republicans in reality they were losing this argue uchlt. it reengineers to the point that 60 percent of americans think you have to have spending cuts right now. >> you listen to the president's senior advisor today he was talking again about a balanced approach saying whatever deal on the...
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Jan 15, 2013
01/13
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in a monday afternoon press conference, president obama said he would not negotiate on the debt ceiling although he said he's open to more spending cuts but he insisted the u.s. is, quote, not a dead beat nation. officials in stratford, connecticut, plan to rename an elementary school in honor of victoria soto, a teacher killed in last month's newtown school shooting. officials say she died trying to shield her students from the gunman. >>> walmart will announce a plan to hire every veteran cha wants a job, which could mean 100,000 new jobs. >>> george w.h. bush was released from the hospital after a month. >>> william paul, son of kentucky rand paul, faces charges of assaulting a flight attendant on a january 5th flight. in addition to underage drinking and other charges. >>> the chicago transportation authority is suing united airlines, claiming they are buying its jet fuel 70 miles away to avoid playing close to $300,000 in sales taxes. >>> students at university of vermont should not bring bottled water when they return to campus because the school banned its sale for environmental
in a monday afternoon press conference, president obama said he would not negotiate on the debt ceiling although he said he's open to more spending cuts but he insisted the u.s. is, quote, not a dead beat nation. officials in stratford, connecticut, plan to rename an elementary school in honor of victoria soto, a teacher killed in last month's newtown school shooting. officials say she died trying to shield her students from the gunman. >>> walmart will announce a plan to hire every...
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Jan 18, 2013
01/13
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CNBC
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short-term debt ceiling hike. but here's what i'm not hearing and what we should be hearing is an unambiguous plan to splash spending now. republicans need an absolute rock solid plan to implement the sequester which is $1.2 trillion over the next ten years. this is essential. not just to unite the republican conference. but more importantly, it's essential to helping the economy grow more rapidly. and if the republicans don't get it done, i'll say this. they may lose the house in 2014. so let's talk with karen finney. who's a columnist for the hill and former dnc communications director. and hadley heath, senior policy analyst at the independent women's forum. hadley, this paul ryan, he went out and met with reporters. republicans are in the retreat down in williamsburg, virginia. maybe they'll use a short term increase in the debt ceiling maybe three months or six months. is that the point? how does that inform you? does that get to the heart of the matter? >> it certainly doesn't get to the heart of the matter.
short-term debt ceiling hike. but here's what i'm not hearing and what we should be hearing is an unambiguous plan to splash spending now. republicans need an absolute rock solid plan to implement the sequester which is $1.2 trillion over the next ten years. this is essential. not just to unite the republican conference. but more importantly, it's essential to helping the economy grow more rapidly. and if the republicans don't get it done, i'll say this. they may lose the house in 2014. so...
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Jan 15, 2013
01/13
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i think what -- most countries in the world don't have a debt ceiling. when government -- when the congress and their equivalent appropriates the money, the government has the borrowing authority to pay for the imra money they borrow. ben bernanke said yesterday, we have to stop having these dibait overs the debt ceiling, it's a stupid idea. the head of the federal reserve. i think the democrats are frustrated. i think that's why they passed this bill -- >> neil: where was their frustration 7 years ago, when the folk who is were urging this very action today voted against raising the debt ceiling when george bush was president? where was the great constitutional resolve? >> i don't disagree with ow this. there are politics on both sides. i don't think anyone thinks this is going to pass. let's be clear. but there is growing frustration about the way the republicans are using this to go around the normal committee process -- >> neil: what were they doing seven years ago? were they going around the republican president to get their way? >> no. at the end o
i think what -- most countries in the world don't have a debt ceiling. when government -- when the congress and their equivalent appropriates the money, the government has the borrowing authority to pay for the imra money they borrow. ben bernanke said yesterday, we have to stop having these dibait overs the debt ceiling, it's a stupid idea. the head of the federal reserve. i think the democrats are frustrated. i think that's why they passed this bill -- >> neil: where was their...
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Jan 15, 2013
01/13
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here is some of what he had to say. >> raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. if congressional republicans refuse to pay america's bills on time, social security checks and veterans' benefits will be delayed. we might not be able to pay our troops or honor our contracts with small business owners. markets could go haywire, interest rates would spike for anybody who borrows money, every homeowner with a mortgage. it would be a self-inflicted wound on the economy. so to even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. >> well, the president has got to get past the debt ceiling in order to achieve his second term agenda, but how does he do it when some republicans are threatening shutdown? chuck todd and howard fineman. chuck, you know, i get the sense i was listening to the late general schwarzkopf, the man shaping the battlefield. he's basically saying if this government gets shut down and we're n
here is some of what he had to say. >> raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. if congressional republicans refuse to pay america's bills on time, social security checks and veterans' benefits will be delayed. we might not be able to pay our troops or honor our contracts with small business owners. markets could go haywire, interest rates would spike for anybody who borrows money,...
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Jan 15, 2013
01/13
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but when it comes to the debt ceiling, the debt ceiling, by definition, isn't about authorization new spending. it is about paying the bills that we have already racked up. so are you just trying to say that you want to have this conversation together, at the same time? >> this is about, this is -- raising the debt ceiling is like raising your credit card limit. and historically, this has been a debate. you look over the last four presidents in this country, and there's been a debate, every time, it has come to raising the debt ceiling. because there's a recognition, for years now, that the federal government has been spending way more than it should, way beyond its means, much more than it's actually bringing in. and now, it is -- we cannot continue to kick this can down the road. we've come to the end of the road. it is time for us to stop spending money we don't have. >> former republican speaker newt gingrich is not exactly conflict averse, i think you'd agree, and he has warned the house republicans not to take up this debt ceiling fight. listen. >> asking barack obama not to be
but when it comes to the debt ceiling, the debt ceiling, by definition, isn't about authorization new spending. it is about paying the bills that we have already racked up. so are you just trying to say that you want to have this conversation together, at the same time? >> this is about, this is -- raising the debt ceiling is like raising your credit card limit. and historically, this has been a debate. you look over the last four presidents in this country, and there's been a debate,...
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Jan 17, 2013
01/13
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CSPAN
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particularly, the potential for a prolonged debt ceiling fight and the sequestration spending cuts that are still enacted to take place, unless legislation changes in march of this year. how democrat to slow growth is pretty large on the sequestration spending -- and the potential to slow growth is pretty large on the sequestration spending cuts. we see a multiplier from those cuts. the drag from that could be a bit stronger. one thing we did note in our discussions was that a lot of these in from the policy changes are static analyses. we know that confidence effects and multiplier effects could have a bigger impact than some of the policy centers here. >> is it true that the fed has a tendency to overestimate growth? >> i think it is true if you look at the last of the lawyers that they have overestimated growth in the year ahead. -- in the last couple of years that they have overestimated growth in the year ahead. i will not say that is their pattern, but if you look at the record, in the past couple of years they have been a little too optimistic. >> as you know, japan has a new pri
particularly, the potential for a prolonged debt ceiling fight and the sequestration spending cuts that are still enacted to take place, unless legislation changes in march of this year. how democrat to slow growth is pretty large on the sequestration spending -- and the potential to slow growth is pretty large on the sequestration spending cuts. we see a multiplier from those cuts. the drag from that could be a bit stronger. one thing we did note in our discussions was that a lot of these in...
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ceiling and the raising the debt ceiling is already for money that they've already planned on spending in the first place so the debts. and raising it isn't for future projects or for future legislation for things that they've already agreed upon so it's just really saying yes to the things that we want to break you know when it comes to the economy or i guess when it comes to pretty much everything and congress doesn't seem like they can agree on much. this congress has become notorious for its kind of a lack of action not only on on the budget and the debt ceiling but for a lot of other important pieces of legislation they've been called the do nothing congress of course there was that funny about kind of sad poll about public policy a poll that found their approval rating is worse than cockroaches and root canals and you know i actually spoke to congresswoman eleanor holmes norton and a couple months ago when all this was kind of going on. kind of like. the crunch time of the campaign sees that and of course she's been through. been through several terms so she's worked there a lot
ceiling and the raising the debt ceiling is already for money that they've already planned on spending in the first place so the debts. and raising it isn't for future projects or for future legislation for things that they've already agreed upon so it's just really saying yes to the things that we want to break you know when it comes to the economy or i guess when it comes to pretty much everything and congress doesn't seem like they can agree on much. this congress has become notorious for...
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Jan 15, 2013
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ceiling to be tied to spending cuts. >>> the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so -- there is a very simple solution to this. >> now, in a statement, john boehner indicated the republican party is prepared for a fight. he said "the consequences of failing to increase the debt ceiling are rule but so are the consequences of allowing our spending problem to go unresolved." >>> state lawmakers in sacramento are closely watching this debate in washington. the concern is that if congress doesn't act on the debt ceiling, the national economy could dip and that would likely have a negative effect on california's budget numbers. push >> the biggest risk to our forecast or the analysts' forecasts could come next month and that's from washington, d.c. >> the 2013 budget release by governor brown showed a surplus for the first time in many years and that was thanks to new tax revenue from proposition 30 as well as spending cuts. >>> oakland police investigating a shooting that seriously injured one man. it happened about 8:00 last night on
ceiling to be tied to spending cuts. >>> the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so -- there is a very simple solution to this. >> now, in a statement, john boehner indicated the republican party is prepared for a fight. he said "the consequences of failing to increase the debt ceiling are rule but so are the consequences of allowing our spending problem to go unresolved." >>> state lawmakers in sacramento are...
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Jan 21, 2013
01/13
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KGO
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>> and you're coming into it with bad feelings because the spending cuts and the debt ceiling, spending was pushed out of this big compromise that scared us with the word "cliff" that was somehow created by the media. where we stand today, the president hitting the note of we, the people, we have to work together seems to be somewhat of an effective flash point because people are there and see it nowhere more than on economic questions. so when we were asking people around the country what do you want to see? going together, almost like a couple were two ideas, one, you have to stop the left/right game. it's too much. we know that is your game but you must stop it and he seemed to respond to that. where they want to see that stop the most is on the creation of jobs. they condemn the stock market. that 'not where the country is. we're hurting and you'll see it. here's what people had to say about what they want the president to do, what he must do to succeed when it comes to the economy. ♪ >> i want to tell the president about the economy to stop spending money that we don't have. it's
>> and you're coming into it with bad feelings because the spending cuts and the debt ceiling, spending was pushed out of this big compromise that scared us with the word "cliff" that was somehow created by the media. where we stand today, the president hitting the note of we, the people, we have to work together seems to be somewhat of an effective flash point because people are there and see it nowhere more than on economic questions. so when we were asking people around the...
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Jan 19, 2013
01/13
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the debt ceiling is something you guys have voted on, already put all of these bills out there. we need to pay for the bills now. >> tucker: here is what the public says accord to go a fox news poll. 69% want the debt limit raised only after major cuts to federal spending, while 22% say, yes, raise that debt limit, it's reckless not to. the problem is that spending, this is not a figment of anyone's imagination, not a talking point. it's a math question to anyone with google and a handout calculator. the debt is out of control. 16.4, but keep in mind that's an official made up, that's washington accounting, that does not take into account any of the liabilities attached to entitlement spending, so we've promised seniors medicaid and medicare. and promised seniors social security and those are debts and they're not included in the debt number. >> and tucker, isn't it astounding that the republicans who dug in their heels the last time around, when there was a big debt ceiling debate and this time around they said we're not going to give the president is pass, they will for three
the debt ceiling is something you guys have voted on, already put all of these bills out there. we need to pay for the bills now. >> tucker: here is what the public says accord to go a fox news poll. 69% want the debt limit raised only after major cuts to federal spending, while 22% say, yes, raise that debt limit, it's reckless not to. the problem is that spending, this is not a figment of anyone's imagination, not a talking point. it's a math question to anyone with google and a handout...
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Jan 15, 2013
01/13
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something cataclysmic shouldn't be done in terms of reaching the debt ceiling, yet does science seem locked in concrete. i'm not going to talk about the congress. speaker boehner said it can't be done unless we cut spending at the same time. having watched this for more than 30 years in congress, what are the odds of avoiding going over the cliff given where both parties are? >> the outside that we won't do it. it's not a matter of faith. it's a matter of consequence. i mean, those who say okay, let's toilet, they are toying with the american economy and with the global economy. and so, i think it is somewhat -- it seems brave to talk about doing that, but the closer you get to that cliff, the less likely it is that your fund the u.s. over it. >> one another in a booklet of brian butler and start. let me ask you about tax reform. he told "politico" last week that a balanced approach are facing sequester with spending cuts and revenue should accelerate tax reform and i believe it's fully possible this year for work on a bipartisan basis, unquote. how does that square with the people w
something cataclysmic shouldn't be done in terms of reaching the debt ceiling, yet does science seem locked in concrete. i'm not going to talk about the congress. speaker boehner said it can't be done unless we cut spending at the same time. having watched this for more than 30 years in congress, what are the odds of avoiding going over the cliff given where both parties are? >> the outside that we won't do it. it's not a matter of faith. it's a matter of consequence. i mean, those who...
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Jan 18, 2013
01/13
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responding to the president's declaration that he won't negotiate over the debt ceiling, republicans backed down. they raised the borrows limit but just for three months. if democrats don't great to a budget of deep spending cuts by april, they cut off lawmakers' paychecks i want why should the american public pay elected officials this they don't do their fundamental right to pass a budget. >> reporter: since richard nixon resigned, second terms have had negative starts. >> it's been a long time since we've seen a positive second term. >> the bush 43 second term was plagued by iraq and hurricane katrina. the clinton second term by scandal and impeachment. now, amid the preparations for celebration, the new obama term starts with a budget confrontation. -- saying that republicans, again in the words of the white house, backing off their plans to hold the u.s. economy hostage because republicans want what they call drastic spending cuts in programs like medicare. and so whether this distracts from the inaugural or not, it's at least something the without first said was a negative and
responding to the president's declaration that he won't negotiate over the debt ceiling, republicans backed down. they raised the borrows limit but just for three months. if democrats don't great to a budget of deep spending cuts by april, they cut off lawmakers' paychecks i want why should the american public pay elected officials this they don't do their fundamental right to pass a budget. >> reporter: since richard nixon resigned, second terms have had negative starts. >> it's...
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Jan 23, 2013
01/13
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the debt ceiling can originate in either house, the senate finance committee could generate a debt ceiling proposal and they could do it if they wanted to. try to embrace some spending reductions, but i think what the house is saying is they are hoping to act soon as maybe tomorrow and it will be incumbent upon the senate majority to function. we look forward to seeing what the senate democrats recommend. we look forward to seeing what they recommend. it's time for them to function. [inaudible conversations] >> as all of you know, the majority of the senate will determine what the majority is and we will be happy to look at what the majority leaders will bring forward to the full senate. >> what did you think of the presidential inaugural address? >> i think it was disappointing i don't think it's a great way to start off a second term. i think it is quite disturbing. [inaudible conversations] >> welcome back, everyone. let's have a celebration. the first time we have been able to sit down together as a group. we have more female members serving now than ever before. we have so many issues
the debt ceiling can originate in either house, the senate finance committee could generate a debt ceiling proposal and they could do it if they wanted to. try to embrace some spending reductions, but i think what the house is saying is they are hoping to act soon as maybe tomorrow and it will be incumbent upon the senate majority to function. we look forward to seeing what the senate democrats recommend. we look forward to seeing what they recommend. it's time for them to function. [inaudible...
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Jan 19, 2013
01/13
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. >> the debt ceiling debate continues. >> the real issue here is, we all know, is spending. >> what are the risks of huge dispense cuts? >> operation commitment, and trading will be gutted. we will ground aircraft, return ships to port, and sharply curtail training across the force. >> a bill before the while the state legislature would make a federal legend try to enforce a ban on arms federal -- guilty of a felony. there are similar measures in texas. the governor of mississippi want to make it illegal in the state to makin force any new gun laws. how many times have we had this debate? this time after the massacre in connecticut, the president says it is different. the president has said 23 executive order is aimed at reducing gun violence and is urging congress to reduce -- and it back crunchers' for all gun sales purity is also asking americans to put heat on members of congress to get there. >> ask for a member of congress if they support universal back rent checks to keep guns out of the wrong hands. if they say no, ask them why not. >> the nra response was predictably immedi
. >> the debt ceiling debate continues. >> the real issue here is, we all know, is spending. >> what are the risks of huge dispense cuts? >> operation commitment, and trading will be gutted. we will ground aircraft, return ships to port, and sharply curtail training across the force. >> a bill before the while the state legislature would make a federal legend try to enforce a ban on arms federal -- guilty of a felony. there are similar measures in texas. the...
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Jan 18, 2013
01/13
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particularly, the potential for a prolonged debt ceiling fight and the sequestration spending cuts that are still enacted to take place, unless legislation changes in march of this year. how democrat to slow growth is pretty large on the sequestration spending -- and the potential to slow growth is pretty large on the sequestration spending cuts. we see a multiplier from those cuts. the drag from that could be a bit stronger. one thing we did note in our discussions was that a lot of these in from the policy changes are static analyses. we know that confidence effects and multiplier effects could have a bigger impact than some of the policy centers here. >> is it true that the fed has a tendency to overestimate growth? >> i think it is true if you look at the last couple of years that they have overestimated growth in the year ahead. i will not say that is their pattern, but if you look at the record, in the past couple of years they have been a little too optimistic. >> as you know, japan has a new prime minister and he is pushing more monetary easing for the bank of japan. many privat
particularly, the potential for a prolonged debt ceiling fight and the sequestration spending cuts that are still enacted to take place, unless legislation changes in march of this year. how democrat to slow growth is pretty large on the sequestration spending -- and the potential to slow growth is pretty large on the sequestration spending cuts. we see a multiplier from those cuts. the drag from that could be a bit stronger. one thing we did note in our discussions was that a lot of these in...
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Jan 21, 2013
01/13
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>> i think so, i think the debt ceiling struggle is probably a loser. the public has been convinced i think to some extent by what amounts to false information, that flows out of the white house and other quarters and throughout too much of the media, that the failure to raise the debt limit would mean an automatic default on international debt which is not true, but, nonetheless, scary. and, i think they didn't want to face that. they didn't do well the last time and have chosen a strategy to use this to get the senate, indirectly to pass a budget, which would be kind of historic, sips it has not happened in several years. and would at least shift the focus away from themselves and as for fighting on the continuing resolution to keep the government only or the sequester, it remains to be seen what strategy, actually how they'll frame all of that. i'll be interested to see that. >> chris: liz, when i talked with david plouffe he made it sound so reasonable. well, you know, republicans will have to agree to some of the cuts they were suggesting, loophole
>> i think so, i think the debt ceiling struggle is probably a loser. the public has been convinced i think to some extent by what amounts to false information, that flows out of the white house and other quarters and throughout too much of the media, that the failure to raise the debt limit would mean an automatic default on international debt which is not true, but, nonetheless, scary. and, i think they didn't want to face that. they didn't do well the last time and have chosen a...
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Jan 23, 2013
01/13
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the debt ceiling is one tool to get a little from the democrats and bring some spending down. this is not going to be the end to all the spending problems. dagen: what concessions to think the the republicans can't get in terms of cutting? taking on entitlements in any way shape or form. >> when the democrats do that, they put themselves at risk. it is a country issue, it is not a partisan issue, to be honest. if they do that, they risk really losing a lot in 2014. dagen: you say it is a country issue. to that point, it looks like this country really does not want to do anything about it. when this payroll tax expires, people are up in arms about it. there will not be, until we all feel pain from higher interest rates and inflation, not a single thing will be done about it. >> i hope that is not true. i hope people can really forecast and see what is happening in the future. if they do not, they'll have to wait until the car hits the wall to feel that pain. i do not think that is the case, dagen. to be very honest with you, these two parties can really get together and look at
the debt ceiling is one tool to get a little from the democrats and bring some spending down. this is not going to be the end to all the spending problems. dagen: what concessions to think the the republicans can't get in terms of cutting? taking on entitlements in any way shape or form. >> when the democrats do that, they put themselves at risk. it is a country issue, it is not a partisan issue, to be honest. if they do that, they risk really losing a lot in 2014. dagen: you say it is a...
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Jan 15, 2013
01/13
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and they fired back that the debate over the debt ceiling was the perfect time to consider legislation to cut spending. at the same time, only a handful of republicans have actually said they'd let the united states default on its bills. >> the president claims this, but republicans have always raised the debt ceiling. we've never seen the debt limit fail to be raised. all they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we don't want to give the president a blank check. we would like to fix the substantive problem which is the level and the growth in the debt. >> reporter: markets are almost treating the fight over the debt ceiling as the sequel to a bad movie. and investors have a pretty good feel for how this cliffhanger ends. >> they don't really care about the brinksmanship until they are right up to the brink, but also, the more dangerous the fall, off the brink, they figure the less likely that it's going to happen. >> reporter: treasury secretary timothy geithner told congress today that unless it acts, the na
and they fired back that the debate over the debt ceiling was the perfect time to consider legislation to cut spending. at the same time, only a handful of republicans have actually said they'd let the united states default on its bills. >> the president claims this, but republicans have always raised the debt ceiling. we've never seen the debt limit fail to be raised. all they have said is we want to apply the same criteria that the president himself applied when he was a senator and say...
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Jan 15, 2013
01/13
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host: where do you insist on spending cuts? is that the debt ceiling or the continuing resolution? guest: it is that every point. host: all of the above? guest: yes. when the president says he wants a balanced approach, i believe him. i was looking for the simpson- bowles model, fighting for least 2 to 1. i was hoping for 1 to 1. i was disappointed and deeply surprised we did not get that in this fiscal cliff. here i was as a republican, so often introduced on tv shows and news shows, "coming up, a republican who says we need higher revenues." an interesting way to introduce me, but my position is more nuanced than that, although i think we do need to get. host: new revenue includes four deductions and loopholes, but the president mentioned yesterday. is that still on the table? guest: it is for me. i thought that was the way to go from the beginning. eliminate loopholes and a lobbyist-britain loopholes. i also thought capping deductions, just knowing the nature of man, how we are motivated, that being able to keep an extra incremental dollar bill does motivate an entrepreneur or t
host: where do you insist on spending cuts? is that the debt ceiling or the continuing resolution? guest: it is that every point. host: all of the above? guest: yes. when the president says he wants a balanced approach, i believe him. i was looking for the simpson- bowles model, fighting for least 2 to 1. i was hoping for 1 to 1. i was disappointed and deeply surprised we did not get that in this fiscal cliff. here i was as a republican, so often introduced on tv shows and news shows,...
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Jan 23, 2013
01/13
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ceiling must be matched by spending cuts. it was the swiftest and most drastic position switch in boehner's speakership. it was not lost on kevin mccarthy who said, "what they'll say after that vote, this is the day of the comeback." maybe if comeback also conotes fractious and uncertain strategy. with no democratic support, the way could go the way of boehner's plan b if just seven republicans break rank. and they still have to contend with the rightward flank. >> you wouldn't believe the number of conservative commentators, hey, you know what, we're going to have to start backing off obama, he's not really a bad guy, not a socialist marxist, he's just a chicago thug. we're becoming isolated on an island here, it's very small. it's a drift out in the middle of nowhere. >> joining us now to discuss this is the sage of capitol hill, nbc's luke russert. luke, it never stops being -- >> how are you? >> i'm great. i'm great. >> thanks for quoting jake sherman. he's a good american. way to quote him on the intro. >> you're welcome
ceiling must be matched by spending cuts. it was the swiftest and most drastic position switch in boehner's speakership. it was not lost on kevin mccarthy who said, "what they'll say after that vote, this is the day of the comeback." maybe if comeback also conotes fractious and uncertain strategy. with no democratic support, the way could go the way of boehner's plan b if just seven republicans break rank. and they still have to contend with the rightward flank. >> you wouldn't...
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Jan 19, 2013
01/13
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you have to get every dollar for debt ceiling increases. they say the debt ceiling, they know it doesn't give them real leverage but gives them an opportunity to give real messaging. they wouldn't provide a show-down where they say not raising it. they come to terms with having lost the election. charles krauthammer wrote today, the general rule is from the single house of congress, you can't impose, aren't you failing the country? the country chose obama, if you want to save the republic, save the next election. if your conservative philosophy is indeed right, winning will come. joining me now, robert costa, and dave weigel, both of them doing great reporting, i appreciate you being here. robert, i want to start with you, tell me the thinking behind the three-month extension, why three months? >> a lot of it has to do public relations, i think what i heard from the retreat, and members in the room, they want to start to win the pr battle again, to do it they have to take the debt limit off the table, and fight with spending in regard to th
you have to get every dollar for debt ceiling increases. they say the debt ceiling, they know it doesn't give them real leverage but gives them an opportunity to give real messaging. they wouldn't provide a show-down where they say not raising it. they come to terms with having lost the election. charles krauthammer wrote today, the general rule is from the single house of congress, you can't impose, aren't you failing the country? the country chose obama, if you want to save the republic, save...
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Jan 20, 2013
01/13
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KRCB
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. >> the debt ceiling debate continues. >> we are not a dead beat nation. >> we all know the issue is spending. >> what are the risks of huge spending cuts? >> operations, maintenance, and ading will be gutted. real ground aircraft, return chips to port, and sharply curtail training across the force. >> a bill before the wyoming state legislature would make a federal agent who tried to enforce a ban on firearms guilty of a felony. there are similar measures under consideration in texas and the governor of mississippi says he wants to make it iegal in the state to enforce any new federal gun laws. how many times have we had this debate? this time after the murders of the children in newtown, conn., the president tells us this is different. the president has signed 23 executive orders aimed at reducing gun violence and is urging congress to reinstate a ban on so-called assault weapons, limit the size on magazines, and mandate here are some background checks for all gun sales. he is also asking the public to put heat on members of congress. remembers of congress if they support universal
. >> the debt ceiling debate continues. >> we are not a dead beat nation. >> we all know the issue is spending. >> what are the risks of huge spending cuts? >> operations, maintenance, and ading will be gutted. real ground aircraft, return chips to port, and sharply curtail training across the force. >> a bill before the wyoming state legislature would make a federal agent who tried to enforce a ban on firearms guilty of a felony. there are similar measures...
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Jan 18, 2013
01/13
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ceiling and tie it to dollar to dollar spending cuts. so from their perspective that represents some movement. i have been talking to my republican sources who say they feel confident that this plan to increase the debt ceiling and then to also sort of force congress' hand on the budget in three months is something that could get through both houses. we'll have to see. i expect that all of this debating will sort of be on pause on monday and then we'll see it ramp back up a little later on next week. >> it will either be on pause or there will be the side bar conversations in the green room. i need to talk to you. >> exactly. >> so speaking of monday, the united states has had 44 presidents but only 17 of those have gotten to give that second inaugural address. i have heard rumors that the -- from the white house that the speech is meant to be more soaring rhetoric, not necessarily the sort of specifics that you might hear during a state of the union. what are you hearing and what are you hear being how the president is working on this s
ceiling and tie it to dollar to dollar spending cuts. so from their perspective that represents some movement. i have been talking to my republican sources who say they feel confident that this plan to increase the debt ceiling and then to also sort of force congress' hand on the budget in three months is something that could get through both houses. we'll have to see. i expect that all of this debating will sort of be on pause on monday and then we'll see it ramp back up a little later on next...
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Jan 15, 2013
01/13
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know you recommend spending cuts, but do you believe the gop should be using the debt ceiling as a leverage point to get to the president to agree to the cuts? >> i think that would be a grave mistake. i don't think that would solve anything. i know they are going to try it, and how far they will go with the guam of chicken, i have no idea, but i can tell you can't -- you really can't -- this is stuff that we've already indebted ourselves. i mean, if you're a real conservative, really honest conservative without hypocrisy, you would want to pay your debt, and that's what this is. they are not running up anything new. they are paying off and who can believe -- i mean, they owe $16.4 trillion and by the late caper they did they added 4 trillion to it. i mean, this is madness, but anyway. >> right. >> there are other places to play the bat. can you play that battle at sequester time instead of mindless cuts in defense and non-defense. >> right. >> you can play that game at the continuing resolution which is inside baseball which means you're going to chicken out again and just extend and exten
know you recommend spending cuts, but do you believe the gop should be using the debt ceiling as a leverage point to get to the president to agree to the cuts? >> i think that would be a grave mistake. i don't think that would solve anything. i know they are going to try it, and how far they will go with the guam of chicken, i have no idea, but i can tell you can't -- you really can't -- this is stuff that we've already indebted ourselves. i mean, if you're a real conservative, really...
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Jan 15, 2013
01/13
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and it even has a retort who think debt ceiling hostage taking can be a weapon against spending calling it an infective and potentially dangerous mechanism for enforcing fiscal discipline. so what is this obsession they have of falling on their sword and taking the country with them. >> there you go again, martin, sticking to the factses. >> i apologize. >> we're talking about the house republicans. >> sorry. >> at least half of them. i do think we see an emerging standard being set amongst our republican friends. that is the difference between an adult republican and a toddler republican. adult republicans, i have to say newt gingrich is often straddled this line -- >> he has. >> -- now believe it is wrong to play politics with default. but there are still toddler republicans out there who want to either have a default, if not a default, a government shutdown. if not a government shutdown, they want to have a tantrum on the steps of the white house. you know, at a certain point in time. so this is really somewhat of an identity crisis -- >> here is the problem, david. the analogy sound
and it even has a retort who think debt ceiling hostage taking can be a weapon against spending calling it an infective and potentially dangerous mechanism for enforcing fiscal discipline. so what is this obsession they have of falling on their sword and taking the country with them. >> there you go again, martin, sticking to the factses. >> i apologize. >> we're talking about the house republicans. >> sorry. >> at least half of them. i do think we see an emerging...
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Jan 16, 2013
01/13
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cuts to the debt ceiling. people are starting to feel a little bit more optimistic that might be less of an issue going forward. i still think it is a great focus people are afraid. we're pretty complacent and the volumes are really waiting to see what will happen in washington, i think. liz: charlie, you're looking at 13.25, again, another historic low for the volatility index. it is not telling me anything. what indicators to look at as a trader in the pit? >> i look at moving averages. take a look, the s&p has really held on to the moving average and a few breaks every time it has bounced off, you're doing pretty well. you look at what came out midsession today, and we're going sideways to a little higher. business activity is kind of sideways, you mentioned the housing market is starting to show some signs of life. if we can get the bankers doing quite well in terms of the stock, but in terms of generating the loans, we went from one end of the pendulum to free money and anybody who wants it to really cons
cuts to the debt ceiling. people are starting to feel a little bit more optimistic that might be less of an issue going forward. i still think it is a great focus people are afraid. we're pretty complacent and the volumes are really waiting to see what will happen in washington, i think. liz: charlie, you're looking at 13.25, again, another historic low for the volatility index. it is not telling me anything. what indicators to look at as a trader in the pit? >> i look at moving averages....
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debt ceiling it's you know it's common household management right now washington is spending their money on candy bars when they few other places in the nation that is massively more wealthy than china yet china just put in a five thousand one hundred forty eight mile long three hundred fifty five mile an hour high speed rail system equivalent of chicago to new york it's running now why can't we do simple infrastructure china is just doing that because they're saying we're going to do it and that infrastructure makes business work in the answer to your question for what we do about it i think it's completely feasible that we can have public private partnerships to democratic california senator dianne feinstein most most infrastructure is private companies to build a road nobody would accuse dianne feinstein of being a conservative but last year when she needed a one point five billion dollars to repair levees in california she appealed to business leaders in california and said this is insurance for your business community if these levees break your businesses are going to be flooded sil
debt ceiling it's you know it's common household management right now washington is spending their money on candy bars when they few other places in the nation that is massively more wealthy than china yet china just put in a five thousand one hundred forty eight mile long three hundred fifty five mile an hour high speed rail system equivalent of chicago to new york it's running now why can't we do simple infrastructure china is just doing that because they're saying we're going to do it and...
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Jan 15, 2013
01/13
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in a statement yesterday, boehner asserted the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved. it was a response to this stern warning from the president on monday. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the american people is not leveraged to be used. >> if the tenor of the president's last press conference of his first term is any indication about what he expects in his second term, prepare for a bond-style showdown as the government barrels towards its borrowing limit. that said, there might exist a solution that would allow congress to do what it does best, which is to say nothing at all, and still save the economy. this do nothing approach was floated by senate minority leader mitch mcconnell in 2011, and president obama gave it a hat tip yesterday. >> they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal l
in a statement yesterday, boehner asserted the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved. it was a response to this stern warning from the president on monday. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the american people is not leveraged to be used. >> if the tenor of the president's last press conference of...
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Jan 16, 2013
01/13
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is it debt ceiling, is it sequestration, is it the resolution later in march? they could use that bell to call them to order there but it's hard to think that they could find a path. you've got on the one hand, a lot of distension in the rarngs there. but, also, just public opinion seems to be stacked against them. they're on the wrong side of so many issues. they seem to be wanting to plot a course right in the near term. but i think on the other hand, if you look at what democrats are doing, they're trying to chart a course that looks more like where america is more broadly. of course it would put them in good standing for 2014 and 2016. >> now, wes, when we look at the fact that they seem to be further and further away. committee reports that many republicans scoff at the idea of a debt ceiling disaster. and it reads, let me read this to you, to these conservatives, hitting the debt ceiling is no armageddon and the idea of default is just a scare tactic. and they claim not to be frightened. i mean, we could have different opinions, but we can't have differen
is it debt ceiling, is it sequestration, is it the resolution later in march? they could use that bell to call them to order there but it's hard to think that they could find a path. you've got on the one hand, a lot of distension in the rarngs there. but, also, just public opinion seems to be stacked against them. they're on the wrong side of so many issues. they seem to be wanting to plot a course right in the near term. but i think on the other hand, if you look at what democrats are doing,...
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Jan 22, 2013
01/13
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and pass a permanent debt ceiling increase for the remainder of this year. we want to give the president senate democrats an opportunity to work with us but house republicans are committed to addressing the spending issues straight up in the next three months, three and a half months and get the job done. cheryl: a look at your voting record and you voted no on the fiscal cliff despite the fact the fiscal cliff deal past and here we are now. chuck schumer already speaking out on the democratic side saying we will look at this, but we're also going to want to increase taxes. that was a flat-ou flat out linm senator schumer. will the senate rain on this parade? >> the senate reins in every parade everyday. that is not an earth flash there. i voted against raising taxes on any americans for the majority in the house and the senate and the president said some taxes have to go up. i disagreed with that. i didn't think the leadership was going to be in any mood, i know the rank-and-file will not be in any mood to raise taxes. doesn't mean we can't raise some reven
and pass a permanent debt ceiling increase for the remainder of this year. we want to give the president senate democrats an opportunity to work with us but house republicans are committed to addressing the spending issues straight up in the next three months, three and a half months and get the job done. cheryl: a look at your voting record and you voted no on the fiscal cliff despite the fact the fiscal cliff deal past and here we are now. chuck schumer already speaking out on the democratic...
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Jan 17, 2013
01/13
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there's the debt ceiling. zandi i talked to the other day, talked to some other economists, they're saying if you hit the debt ceiling, you stayed there, you made government spending equal cash flow would be about 7% hit to gdp. essentially taking a trillion dollars out of the economy. so there it is, guys. the debt ceiling game, home edition, have fun tonight. >> this is actually much bigger deal. >> it's a huge deal. >> but would never last -- >> never going to happen, right? that's what people say. >> okay. >> relax, steve. >> i'm okay. >> what happens is the rating agencies -- >> your heart rate is going. >> what's that? >> what about the ratings agencies if they were to downgrade us, if we went over, if we went over for a day it's one thing, if we went over and stayed for a week, do they look at it just because washington can't get along, that's reason enough for another downgrade? >> that's a critical question. that's why the democrats are likely to define default as missing any government payment becaus
there's the debt ceiling. zandi i talked to the other day, talked to some other economists, they're saying if you hit the debt ceiling, you stayed there, you made government spending equal cash flow would be about 7% hit to gdp. essentially taking a trillion dollars out of the economy. so there it is, guys. the debt ceiling game, home edition, have fun tonight. >> this is actually much bigger deal. >> it's a huge deal. >> but would never last -- >> never going to happen,...
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Jan 21, 2013
01/13
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coming up, will the debt ceiling debate delay your tax refund? next in the president obama has begun his second term by declaring the possibilities are limitless. our political panel takes a look at the next four years. ♪ >>> from our fox business studios in new york, here, again, is gerri willis. gerri: well, not wasting a second of the second term, president obama making it clear who is in charge the next four years laying out a bold agenda in the inaugural address. that's how i read it. with more, maryann marsh, a democratic strategist, and rich lawry, editor of "the national review. " what do you think of the speech? >> audacious. one, it was an unabashedly progressive speech, shorn of the pose that's characterized as rhetoric. it also, i think, was audacious in its appropriation of the tradition of the american foundings. it was a direct challenge to republicans and the tea party saying you are obsessed with the founders. you are wrong. i am the one firmly within the tradition, and you are outside the mainstream, and you better get on boar
coming up, will the debt ceiling debate delay your tax refund? next in the president obama has begun his second term by declaring the possibilities are limitless. our political panel takes a look at the next four years. ♪ >>> from our fox business studios in new york, here, again, is gerri willis. gerri: well, not wasting a second of the second term, president obama making it clear who is in charge the next four years laying out a bold agenda in the inaugural address. that's how i...
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Jan 15, 2013
01/13
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government will run out of money to pay its bills if congress does not raise the debt ceiling. president barack obama said congress needs to pay its bills but republicans want any bills paid to be tied to spending cuts. >> they have two choices, they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. >>> and the gop is prepared for a fight saying quote, the consequences of failing to increase the debt ceiling are real, but so too are allowing our spending problem to go unresolved. >>> convenience stores will be busy today. people want to hit the new jackpot drawing, an estimated $62 million. on friday, somebody in orange veil matched all five mumps minus the mug did he -- five numbers minute news the meganumber giving them a $250,000 pay day. >>> it is almost every wear and as a -- everywhere and as a matter of fact looking at highway 4 traffic is slowing down from bay point to concord. traffic is mostly slow and the only good news is we have not had any major crashes but we have had our share of slow traff
government will run out of money to pay its bills if congress does not raise the debt ceiling. president barack obama said congress needs to pay its bills but republicans want any bills paid to be tied to spending cuts. >> they have two choices, they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. >>> and the gop is prepared for a fight saying quote, the consequences of failing to increase the debt ceiling...
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Jan 22, 2013
01/13
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FBC
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coming up, will the debt ceiling debate delay your tax refund? next in the president obama has begun his second term by declaring the possibilities are limitless. our political panel takes a look at the next four years. ♪ officemax can help you drive supply costs down... and down. use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. - ♪ 'cause people got me questioning ♪ ♪ where is the love - ma'am. you forgot your purse. - thank you. oh. thank you very much. - a message from the foundation for a beer life. >>> from our fox business stios in new york, here, again, is gerri willis. gerri: well, not wasting a second of the second term, president obama making it clear who is in charge the next four years laying out a bold agenda in the inaugural address. that's how i read it. with more, maryann marsh, a democratic strategist, and rich lawry, editor of "the national review. " whato you think of the speech? >> audacious. one, it was an u
coming up, will the debt ceiling debate delay your tax refund? next in the president obama has begun his second term by declaring the possibilities are limitless. our political panel takes a look at the next four years. ♪ officemax can help you drive supply costs down... and down. use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. - ♪ 'cause people got me questioning ♪ ♪ where...
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Jan 18, 2013
01/13
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president, what is the deal with the debt. i've been hearing about the debt ceiling. i understand when i grow up it could be hundreds of thousands of dollars could you please cut spending now. >> stephen: why aren't kids write together president about long-term restructuring of government debt. come on fox news youngsters, benic ron, the rest pinecrest retirement crew. put down the sunny d and fire up the underwood. [ laughter ] thankfully, folks, our constitution has a built-in mechanism to stop democratically elected tyrants from taking our guns and that brings us to tonight's word. [cheers and applause] united we stand off. president obama and his anti-gun storm troopers say it's okay for me to have a pistol. it's okay for me to have a rifle and a shotgun. but it's not okay for me to have military-style weaponry. maybe they've forgotten what the second amendment is. >> the founders feared government tyranny. >> the second amendment is about resistance to government tyranny. >> they never mentioned hunting and deer, they talked about freedom and liberty over tyranny
president, what is the deal with the debt. i've been hearing about the debt ceiling. i understand when i grow up it could be hundreds of thousands of dollars could you please cut spending now. >> stephen: why aren't kids write together president about long-term restructuring of government debt. come on fox news youngsters, benic ron, the rest pinecrest retirement crew. put down the sunny d and fire up the underwood. [ laughter ] thankfully, folks, our constitution has a built-in mechanism...
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Jan 22, 2013
01/13
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CSPAN
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we have the debt ceiling. these three major things are going to consume congress because republicans and democrats don't agree how to resolve those. he will become tied up dealing with this and it has to be done. we have to deal with these things. immigration and gun-control, these are things, like a marriage, almost wish list items. i know immigration is a big item appeared that will also be hard to move something that is progressive or liberal with a divided congress, as is gun- control. we all know and assault weapons ban cannot get through the house. it's not going to get through. it is possible they will get background checks. maybe it very scaled-back versions of what the president was talking about yesterday. but in a full-scale, you will not able to get assault weapons ban through. he will not able to get immigration through in the way progressives would like. so that probably will not happen. but the spending will have to be dealt with. sources will be made, in that sense. host: we're talking about pr
we have the debt ceiling. these three major things are going to consume congress because republicans and democrats don't agree how to resolve those. he will become tied up dealing with this and it has to be done. we have to deal with these things. immigration and gun-control, these are things, like a marriage, almost wish list items. i know immigration is a big item appeared that will also be hard to move something that is progressive or liberal with a divided congress, as is gun- control. we...
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Jan 22, 2013
01/13
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CNBC
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dollar increase in the debt ceiling it becomes easier for congress to shift the fight over spending and taxes and revenue on to different ground. of course, the quester and the -- the continuing resolution to fund the government, but you're hearing some of both parties saying they might even accept the sequester. some of the stakes appear to be fading from these disagreements that paralyzed washington at the end of last year. >> when i heard this original deal profrksd i thought it was on the condition that the senate eventually congress had to actually pass a budget finally. >> that's still on the table. >> that is still on the table. a little bit less clear is the fate of the idea that somehow pay would be suspended for members of congress if they don't pass a budget. >> right. >> there are questions about the constitutionality of that provision, but the entire provision is to try to force the senate to force a pass a budget, and the senate intends to do that. >> that's significant because it's written within the law that when you pass the budget the debt ceiling automatically get
dollar increase in the debt ceiling it becomes easier for congress to shift the fight over spending and taxes and revenue on to different ground. of course, the quester and the -- the continuing resolution to fund the government, but you're hearing some of both parties saying they might even accept the sequester. some of the stakes appear to be fading from these disagreements that paralyzed washington at the end of last year. >> when i heard this original deal profrksd i thought it was on...
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Jan 23, 2013
01/13
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he's been good on the debt ceiling talking about we're not authorizing spending, we're making good on the bills we already owe. so i think we should keep an eye on that for the next four years and see whether that opens up the realm of possibility for him. >> excuse me, this is such a strong point because it sort of got lost in coverage of the inauguration day. the forming of this group called organizing for action is an effort by the obama people, the president and his people, to bring what they learned during the campaign, to support him with the so-called bully pulpit of public opinion. if they're able to do that half as well as they did in the campaign -- >> you saw with the fiscal cliff they were feeling the heat. let's take a break. and come back and talk about guns and gun control. i'll try to keep my voice which i think ironically i got flu after dr. oz gave me a flu jab on this very show. i'll have a word with him later. we'll be back after the break. ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way.
he's been good on the debt ceiling talking about we're not authorizing spending, we're making good on the bills we already owe. so i think we should keep an eye on that for the next four years and see whether that opens up the realm of possibility for him. >> excuse me, this is such a strong point because it sort of got lost in coverage of the inauguration day. the forming of this group called organizing for action is an effort by the obama people, the president and his people, to bring...